Saturday, August 1, 2009

Would the 3 EEJITS please get off your backsides and do something about this!

FINANCE Minister Brian Lenihan has refused to intervene in Permanent TSB’s decision to hike up interest rates on mortgage holders, thus negating the recent European Central Bank reductions. The minister’s comment that the increase reflects commercial market realities is breathtakingly arrogant and illustrates magnificently in whose interests his decisions are made.

Lenihan has mooted a possible reduction in the minimum wage and his government is actively considering reducing social welfare payments, as recommended by the McCarthy Report. At every turn this government is attacking the low-paid and the vulnerable and doing whatever it takes to protect the profits on the banks.

It is interesting to note that one of the minister’s appointees to the Permanent TSB board is Ray McSharry, the former Minister for Finance who appointed Colm McCarthy to the original ‘An Bord Snip’ in 1987.

The European Central Bank’s interest rate reductions that have been so instrumental in bringing down costs of living will be negated if the Government gives this signal to the banking sector that it is OK to hike up rates. Taking money out of the general economy and putting it into the coffers of financial institutions profits is economically inept and socially reckless.

No comments:

Post a Comment

BALBRIGGAN AND DISTRICT SINN FÉIN

This website is intended to keep you up to date with the campaigning activities of Sinn Féin in your area. It is also intended to keep you in touch with issues issues of general concern/interest to local people. We in Sinn Féin are dedicated to creating an Ireland that is united, independent and run in the interests of all its people.

DO YOU WISH TO JOIN OR HELP SINN FEIN?

If you would like to join Sinn Féin in Balbriggan, or you just wish to help out in some way, then please contact.

Peadar on 087 7904271

Remember that everybody has a part to play in making Ireland a better country and no part is too small.

So give Peadar a ring and help Sinn Féin build an Ireland based on Unity, Peace and Equality